Ipswich, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ipswich Neighborhoods Since 2000




Ipswich, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ipswich Housing Market Information

With 13,804 people, 5,535 houses or apartments, and a median cost of homes of $495,610, real estate costs in Ipswich are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Ipswich, accounting for 60.77% of the town's housing units. Other types of housing that are prevalent in Ipswich include duplexes, homes converted to apartments or other small apartment buildings ( 15.52%), large apartment complexes or high rise apartments ( 14.91%), and a few row houses and other attached homes ( 8.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ipswich. Owner-occupied housing accounts for 72.32% of Ipswich's homes, and 52.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ipswich built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ipswich built before 1939 ( 30.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.23%). There's also some housing in Ipswich built between 2000 and later ( 7.45%).

Ipswich Home Appreciation Rates

Appreciation rates for homes in Ipswich have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.86%, which ranks in the top 50% nationwide. This equates to an annual average Ipswich house appreciation rate of 0.38%.

Appreciation rates are so strong in Ipswich that despite a nationwide downturn in the housing market, Ipswich real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ipswich appreciation rates continue to be some of the highest in America, at 5.57%, which is higher than appreciation rates in 70.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ipswich. Ipswich appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Ipswich's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$495,610

Ipswich, MA HOME PRICES

Value Range
> $1,163,000 4.5
$872,001 - $1,163,000 4.7
$582,001 - $872,000 25.4
$465,001 - $582,000 16.0
$349,001 - $465,000 31.7
$233,001 - $349,000 10.8
$116,001 - $233,000 4.3
$58,001 - $116,000 0.7
$0 - $58,000 2.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.04711121528185 23.7179487179487

Number Of Homes And Apartments:
5,535

Ipswich Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.05% 2.50% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Homeownership
Owners 72.32
Renters 27.68
Vacant 6.44

Housing Market Details

 

Age of Homes

AGE OF Ipswich HOMES
2000 or Newer 7.5
1970 - 1999 33.1
1940 - 1969 29.2
1939 or Older 30.2

Types of Homes

TYPE OF Ipswich HOMES
Single-Family 60.8
Townhomes 8.4
Small Apt. Buildings 15.5
Apt. Complexes 14.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Ipswich HOMES
No Bedroom 1.84
1 Bedroom 13.08
2 Bedrooms 27.91
3 Bedrooms 38.39
4 Bedrooms 14.52
5 or more bedrooms 4.26